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Employees at e-commerce startup Fab received an email on Wednesday from the company's human resources department telling them not to come into the office on Thursday and to await further instructions, BuzzFeed is reporting, citing two employees within the company.

The remaining staff will meet one-on-one to talk about the future of the company.

According to BuzzFeed:

Employees are currently speculating that tomorrow will signal another round of layoffs followed by yet another change of direction, these people said. Many expect to be laid off as the staff is reduced to a small workforce to sell the remaining inventory of the company as it transitions to a new business model, those people said.

According to Re/code, around 80 or 90 jobs will be cut tomorrow, eliminating around one-third of the company's global staff, and leaving it with around 200 employees. In a statement to Re/code, Fab spokeswoman Amy Juaristi said:

We have parted ways with incredibly talented individuals for whom we have only great respect and appreciation. Realigning our team is part of a broader business plan, which we began implementing last fall and which will continue to unfold in weeks ahead. We are seeing great success in our recent private label initiatives and customized furniture launches — and we are aligning our global team to support that direction. We have every confidence in our path ahead.